Short Interest in Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Drops By 21.1%

Key Points

• Suntec Real Estate Investment Trust's short interest decreased by 21.1% in August, with total short interest dropping to 1,142,900 shares.
• The company's stock price remained stable at $0.99, with a 12-month range between $0.85 and $1.02.
• Suntec REIT holds significant properties in Suntec City, Singapore, including major commercial developments and convention centers.

Suntec Real Estate Investment Trust (OTCMKTS:SURVF - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,142,900 shares, a drop of 21.1% from the August 15th total of 1,448,100 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 1,039.0 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 1,039.0 days.

Suntec Real Estate Investment Trust Price Performance

Shares of OTCMKTS:SURVF remained flat at $0.99 during midday trading on Friday. Suntec Real Estate Investment Trust has a twelve month low of $0.85 and a twelve month high of $1.02. The company's 50 day simple moving average is $0.94 and its 200 day simple moving average is $0.89.

About Suntec Real Estate Investment Trust

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.